Kohl’s (NYSE:KSS) Price Target Cut to $8.00 by Analysts at Bank of America

Kohl’s (NYSE:KSS) had its price target decreased by research analysts at Bank of America from $15.00 to $8.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “underperform” rating on the stock. Bank of America‘s price target indicates a potential downside of 12.22% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. Robert W. Baird decreased their target price on Kohl’s from $18.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday. Citigroup decreased their price target on shares of Kohl’s from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, November 27th. Morgan Stanley reduced their target price on Kohl’s from $10.00 to $8.00 and set an “underweight” rating for the company in a research note on Wednesday. TD Cowen dropped their price target on Kohl’s from $20.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, November 27th. Finally, The Goldman Sachs Group decreased their price objective on Kohl’s from $13.00 to $11.25 and set a “sell” rating for the company in a report on Tuesday, March 4th. Five analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.19.

Kohl’s Stock Down 24.4 %

Shares of NYSE:KSS opened at $9.11 on Wednesday. The firm has a market cap of $1.01 billion, a P/E ratio of 4.11 and a beta of 1.92. Kohl’s has a 12-month low of $8.75 and a 12-month high of $29.60. The business has a fifty day simple moving average of $12.58 and a 200 day simple moving average of $16.00. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.97.

Kohl’s (NYSE:KSS) last announced its earnings results on Tuesday, March 11th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.72 by $0.23. Kohl’s had a return on equity of 6.44% and a net margin of 1.47%. The business had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.25 billion. During the same period in the prior year, the business posted $1.67 earnings per share. The firm’s revenue was down 9.4% on a year-over-year basis. Analysts predict that Kohl’s will post 1.3 earnings per share for the current year.

Insider Transactions at Kohl’s

In related news, EVP Feeney Siobhan Mc sold 3,827 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $14.05, for a total transaction of $53,769.35. Following the completion of the sale, the executive vice president now owns 133,091 shares in the company, valued at approximately $1,869,928.55. This trade represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Kohl’s

Several large investors have recently modified their holdings of KSS. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Kohl’s during the fourth quarter valued at $2,978,000. CTC Alternative Strategies Ltd. bought a new position in shares of Kohl’s during the 4th quarter worth $168,000. CSS LLC IL bought a new position in shares of Kohl’s during the 4th quarter worth $163,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Kohl’s by 13.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 428,939 shares of the company’s stock worth $6,022,000 after acquiring an additional 50,671 shares during the last quarter. Finally, Vident Advisory LLC raised its stake in Kohl’s by 9.3% in the 4th quarter. Vident Advisory LLC now owns 11,421 shares of the company’s stock valued at $160,000 after acquiring an additional 967 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

About Kohl’s

Kohl’s Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.